FIDUBO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FIDUBO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€49,730
down €49,730 (-6.7%), from €743,318 to €693,588
of which Financial debts: -€49,730
- Other debts +€33,618
up €33,618 (+2.7%), from €1.2m to €1.3m
- Depreciation -€36,836
down €36,836 (-69.8%), from €52,745 to €15,909
- Other operating charges +€21,135
up €21,135 (+158.3%), from €13,354 to €34,489
- Financial charges +€7,184
up €7,184 (+22.4%), from €32,083 to €39,267
- Gross operating margin -€1,314
down €1,314 (-1.3%), from €99,219 to €97,905
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,188,119 | €3,187,791 | -€328 | 0.0% |
| Fixed assets | 21/28 | €3,098,746 | €3,089,743 | -€9,003 | -0.3% |
| Tangible fixed assets | 22/27 | €3,035,588 | €3,036,585 | +€997 | 0.0% |
| Land and buildings | 22 | €3,035,588 | €3,036,585 | +€997 | 0.0% |
| Financial fixed assets | 28 | €63,158 | €53,158 | -€10,000 | -15.8% |
| Current assets | 29/58 | €89,373 | €98,048 | +€8,675 | +9.7% |
| Amounts receivable after more than one year | 29 | €48,912 | €57,501 | +€8,589 | +17.6% |
| Trade receivables | 290 | €15,000 | €21,700 | +€6,700 | +44.7% |
| Other amounts receivable | 291 | €33,912 | €35,801 | +€1,889 | +5.6% |
| Current investments | 50/53 | €40,461 | €40,547 | +€86 | +0.2% |
| Total equity and liabilities | 10/49 | €3,188,119 | €3,187,791 | -€328 | 0.0% |
| Equity | 10/15 | €1,121,589 | €1,129,829 | +€8,240 | +0.7% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €362,000 | €362,000 | = | 0.0% |
| Uncalled capital | 101 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €97,109 | €97,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €90,909 | €90,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€537,520 | -€529,280 | +€8,240 | +1.5% |
| Amounts payable | 17/49 | €2,066,530 | €2,057,962 | -€8,568 | -0.4% |
| Amounts payable after more than one year | 17 | €743,318 | €693,588 | -€49,730 | -6.7% |
| Financial debts | 170/4 | €443,318 | €393,588 | -€49,730 | -11.2% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,323,212 | €1,364,374 | +€41,162 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €55,197 | €50,110 | -€5,087 | -9.2% |
| Financial debts | 43 | €3,125 | - | -€3,125 | |
| Other loans | 439 | €3,125 | - | -€3,125 | |
| Trade debts | 44 | €19,740 | €35,496 | +€15,756 | +79.8% |
| Suppliers | 440/4 | €19,740 | €35,496 | +€15,756 | +79.8% |
| Other amounts payable | 47/48 | €1,245,150 | €1,278,768 | +€33,618 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,745 | €15,909 | -€36,836 | -69.8% |
| Other operating charges | 640/8 | €13,354 | €34,489 | +€21,135 | +158.3% |
| Gross operating margin | 9900 | €99,219 | €97,905 | -€1,314 | -1.3% |
| Operating profit (loss) | 9901 | €33,120 | €47,507 | +€14,387 | +43.4% |
| Financial charges | 65/66B | €32,083 | €39,267 | +€7,184 | +22.4% |
| Recurring financial charges | 65 | €32,083 | €39,267 | +€7,184 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €1,037 | €8,240 | +€7,203 | +694.6% |
| Profit (loss) for the period | 9904 | €1,037 | €8,240 | +€7,203 | +694.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,037 | €8,240 | +€7,203 | +694.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.